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Sri Lanka secures USD 500Mn concessional financing from Republic of Korea


In order to further strengthen the economic
cooperation between two countries, the
Government of Republic of Korea has agreed to provide concessional loans from
the Economic Development Cooperation Fund (EDCF) of the Export Import Bank of Korea
(KEximbank).
Accordingly, the Government of Republic of Korea and
Government of Sri Lanka have agreed to sign a new Framework Arrangement for the
period of 2020-2022 to obtain loans through EDCF up to an aggregate commitment
amount of USD 500
million to finance projects mutually agreed
The loan interest rate on this
concessional loan is about as low as 0.15% -0.20% and
the loan has a repayment period of about 40 years with ....

South Korea , Sri Lanka , Republic Of Korea , Woonjin Jeong , Economic Development Cooperation Fund , Korean Exim Bank Representative Office , Export Import Bank , Framework Arrangement , His Excellency , தெற்கு கொரியா , ஸ்ரீ லங்கா , குடியரசு ஆஃப் கொரியா , பொருளாதார வளர்ச்சி ஒத்துழைப்பு நிதி , ஏற்றுமதி இறக்குமதி வங்கி , கட்டமைப்பு ஏற்பாடு , அவரது மேன்மை ,